Monday, October 2, 2023

3 Oct 2023 BMD


 LOCAL MARKET


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FKLI

FBM KLCI dropped 5.41 points or 0.38% to 1418.76 points to extend its losses. Last Friday, the FBM KLCI breached the support of 1433 points and could consolidate above the next support of 1394 points.

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Plan A : Consider short if the market stays a below 1422. Targets are 1413 and 1407.


Plan B : Attempt long if the market stays above 1422. Targets are 1430 and 1436








Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of

that investment.   

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